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Pay is tied to supply demand, your rent is irrelevant. If you didn’t get a rent increase, are you giving that 2% pay increase back?
No, inflation is irrelevant, period — if there’s a deflation, should you get a paycut? See, your theory fails. Yes, everyone is replaceable, nobody said they aren’t, but not everyone can be replaced as easily or at the same pay — and that is because of supply demand. Job hop gets you to your market rate, which is based on supply demand, not inflation. If he is earning 60k and finds the same job for 70k then that 70k is based on supply demand, not inflation, the inflation could be zero% or 50%, irrelevant. He can only get 70k because nobody is willing to accept less than 70k, that’s supply demand, regardless of what the inflation rate is. They will only pay you what you are worth when you change company, not when you stay at the same company, that’s why it’s on you to job hop. But if you are too lazy to change job, then why would they pay you more than 60k? Like why should they pay you a penny more than you are willing to accept? They would have to be stupid. And yes, companies are greedy, nobody said they aren’t, you are greedy too, we all are, it’s human nature.
Job hop. It's the only way. My first job was $40k out of college (~7 years ago). I should clear $400k this year and that's ONLY because i leveraged moving firms.